Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Director/PDMR Exercise of Warrants

20th May 2025 07:00

RNS Number : 3050J
Built Cybernetics PLC
20 May 2025
 

 

20 May 2025

 

Built Cybernetics plc

("Built Cybernetics", the "Company," or, together with its subsidiaries, the "Group")

Director/PDMR Exercise of Warrants and Total Voting Rights

Investor Presentation at Mello2025

Built Cybernetics plc (AIM: BUC), the Smart Buildings Group, confirms that, further to its announcement on 29 April 2025, the exercise of warrants to subscribe for ordinary shares of one penny each in the Company ("Ordinary Shares") by certain directors/PDMRs has now been completed.

In aggregate, 14,000,000 new Ordinary Shares have been allotted and issued. Total gross proceeds of £140,000 have been received by the Company. Full details of the exercise of warrants are set out in the Company's announcement on 29 April 2025.

Admission to Trading and Total Voting Rights

Application has been made to the London Stock Exchange for admission ("Admission") of the 14,000,000 new Ordinary Shares to trading on AIM. It is expected that Admission will occur on or around 21 May 2025.

Following Admission, the Company's issued ordinary share capital will consist of 355,072,100 Ordinary Shares, with one vote per share. The Company does not hold any Ordinary Shares in treasury. Therefore, on Admission, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Nick Clark, Freddie Jenner, and Jason Brameld (respectively the Group's Chief Executive, Chief Operating Officer, and Chief Technical Officer) are members of a concert party which collectively, following Admission, will be interested in 103,169,484 Ordinary Shares representing 29.06% of the Company's issued ordinary share capital.

There are now 23,500,000 warrants outstanding which, if exercised, would raise a further £235,000 for the Company.

Investor Presentation at Mello2025

The Company is pleased to announce that Nick Clark and Freddie Jenner will be presenting at the Mello2025 investor event on Wednesday 4 June 2025. Mello2025 is being held at The Clayton Hotel & Conference Centre, Chiswick High Road, London, W4 5RY. Information about the event including a 50% discount on tickets is available by viewing this RNS on the Company's website using the Investor Enquiries link below.

For further information, please contact:

Investor Enquiries

We encourage all investors to share questions on this announcement via our investor hub

 

https://builtcybernetics.com/link/LPZBNP

Built Cybernetics plc

Nick Clark, Chief Executive

 

+44 (0) 20 7843 3001

Strand Hanson Limited, Financial and Nominated Advisor

Richard Johnson, James Bellman

 

+44 (0) 20 7409 3494

Zeus Capital Limited, Broker

Simon Johnson, Louisa Waddell

 

+44 (0) 20 3829 5000

 

About Built Cybernetics plc

Built Cybernetics is a London-quoted PropTech group delivering Smart Buildings and related services. The Group is uniquely positioned to ensure the technical systems that run modern premises are designed as an integral part of the structure, from the outset. By cross-selling smart buildings services alongside our renowned architecture projects, the Group's strategy positions Built Cybernetics plc to build beyond one-off project fees and generate scalable and recurring revenues for our investors.

Subscribe to our news alert service: https://builtcybernetics.com/auth/signup

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHUKAARVWUVAUR

Related Shares:

Built Cybernet
FTSE 100 Latest
Value8,779.09
Change4.83